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Calculation of Unemployment Number - Different now than under Obama?
Posted on 8/15/18 at 9:45 am
Posted on 8/15/18 at 9:45 am
Did the Trump administration change the way unemployment/job numbers are counted v. what the Obama admin? Wasn't the critique that Obama lowered the unemployment numbers by not counting those that quit looking for work?
If the Trump admin started counting those not looking for work wouldn't the initial unemployment numbers under his presidency show a pretty significant spike upwards before trending down?
If the Trump admin started counting those not looking for work wouldn't the initial unemployment numbers under his presidency show a pretty significant spike upwards before trending down?
29
Posted on 8/15/18 at 9:46 am to cwill
Duh, some people now have two jobs which lowers the unemployment numbers.
Like for real..............
Like for real..............
Posted on 8/15/18 at 9:46 am to cwill
Nope, try again...
Posted on 8/15/18 at 9:47 am to cwill
Do you even full employment, bro?
Posted on 8/15/18 at 9:47 am to cwill
quote:
Wasn't the critique that Obama lowered the unemployment numbers by not counting those that quit looking for work?
Pretty sure this has been standard practice since before Obama. The critique with Obama was the number of those that quit looking for work just kept rising.
I don't know what that number has done under Trump.
Posted on 8/15/18 at 9:47 am to cwill
Unemployment 10% under barry lulz
Posted on 8/15/18 at 9:48 am to cwill
quote:
Calculation of Unemployment Number - Different now than under Obama?
YES he did; we've added a lot more jobs, therefore the rate went down
Posted on 8/15/18 at 9:49 am to cwill
quote:
If the Trump admin started counting those not looking for work wouldn't the initial unemployment numbers under his presidency show a pretty significant spike upwards before trending down?
Not is the gains in unemployment are out weighed by those who found work. That's simpleton logic.
Posted on 8/15/18 at 9:50 am to cwill
You're talking U3 vs U5 vs U6 unemployment. U3 is the official unemployment number. It hasn't been changed.
Posted on 8/15/18 at 9:51 am to ProjectP2294
quote:
Pretty sure this has been standard practice since before Obama. The critique with Obama was the number of those that quit looking for work just kept rising.
I don't know what that number has done under Trump.
It has always been thus, and this is why you can't really trust unemployment numbers from the government. They are simply counting the people who are collecting unemployment benefits. Once your benefits run out, you are no longer considered unemployed for statistical purposes.
Another insidious trick the Obama Administration used was they made it far far easier to sign up for Social Security Disability, and when they did the number of people on SSD spiked to an all time high, but unemployment dropped, because people stopped collecting UEI and started collecting SSD. Then Obama got on the TV and said "lower unemployment everyone yay me"
Posted on 8/15/18 at 9:51 am to cwill
Obviously if Obama was presiding over this economy, he would get zero credit from Republicans. But since it's Trump, the President is single handedly responsible for anything and everything that's positive about it.
Posted on 8/15/18 at 9:51 am to ProjectP2294
quote:
Pretty sure this has been standard practice since before Obama.
Correct. The formula was changed during the Clinton Administration.
quote:
The critique with Obama was the number of those that quit looking for work just kept rising.
Correct. As did the number of people gaining UE benefits, food stamps, and disability.
quote:
I don't know what that number has done under Trump.
Research Full Employment under Trump.
This is why we have this scramble recently by the left to:
1) Attribute this economy to Obama
2) Deny the success
3) Less people on the dole means less dependency: this hurts the Left big time
4) Drumming up the "racism" bit. Blacks and minorities are going back to work in record numbers. We can't have this.
Thus you will see many threads like this from our friends on the left.
Posted on 8/15/18 at 9:51 am to cwill
quote:
cwill
What a shitty post. First you admit Obama manipulated the numbers to make his ineffective administration look legit and now you want Trumps legit administration to intentionally sabotage their numbers so that Americans will think he's ineffective, presumably so you can get another shitty Obama-type president back in and feel some sense of unearned self-worth by proxy.
GFY
Posted on 8/15/18 at 9:52 am to cwill
I thought the unemployment rate has normally only considered those looking for work?
Posted on 8/15/18 at 9:52 am to cwill
U3 is bullshite no matter who uses it.
Posted on 8/15/18 at 9:54 am to ProjectP2294
The BLS has been suspect when it comes to moving the goalposts. Under Obama, if an unemployed 'worker' exceeded a short period of time without a job, the Department of Labor removed that worker from the unemployed total. The thing is, some sectors produced scarce opportunity, so many just gave up.
Posted on 8/15/18 at 9:54 am to EZE Tiger Fan
quote:
Correct. The formula was changed during the Clinton Administration.
That's what I thought
Posted on 8/15/18 at 9:55 am to cwill
As far as this goes, Trump is doing it the right way IMO. It's the only way to get a true number.
That's what I hate about politics. Numbers get so manipulated at the federal level that they seem like it's not a problem and action isn't taken to fix it.
That's what I hate about politics. Numbers get so manipulated at the federal level that they seem like it's not a problem and action isn't taken to fix it.
Posted on 8/15/18 at 9:55 am to Cole Beer
quote:
Obviously if Obama was presiding over this economy,
LMAO, who the frick are you kidding... Obama couldn't get out of his own way or he could have presided over an economy that was worth a damn...
Now, Obama is gone, Trump has focused on the economy and implemented things, changed things Obama implemented that slowed the economy and it is booming...
Sorry your baw was such a frick up... but he didn't know jack shite about the economy...
Posted on 8/15/18 at 9:57 am to cwill
quote:
Did the Trump administration change the way unemployment/job numbers are counted v. what the Obama admin?
Tell us first how the calculations changed. I've already looked for it. Maybe you'll have better luck.
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